b'Cautionary Statement Regarding Forward-Looking StatementsThis annual report on Form 10-K contains estimates and forward-looking statements, principally inItem 1. Business, Item 1A. Risk Factors and Item 7. Managements Discussion and Analysis ofFinancial Condition and Results of Operations. Our estimates and forward-looking statements aremainly based on our current expectations and estimates of future events and trends, which affect ormay affect our businesses and operations. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks anduncertainties and are made in light of information currently available to us. Many important factors, inaddition to the factors described in our annual report on Form 10-K, may adversely affect our resultsas indicated in forward-looking statements. You should read this annual report on Form 10-K and thedocuments that we have filed as exhibits hereto completely and with the understanding that our actualfuture results may be materially different from what we expect. Our estimates and forward-lookingstatements may be influenced by the following factors, among others:\x7f our ability to find, acquire or gain access to other discoveries and prospects and to successfullydevelop and produce from our current discoveries and prospects;\x7f uncertainties inherent in making estimates of our oil and natural gas data;\x7f the successful implementation of our and our block partners prospect discovery anddevelopment and drilling plans;\x7f projected and targeted capital expenditures and other costs, commitments and revenues;\x7f termination of or intervention in concessions, rights or authorizations granted to us by thegovernments of the countries in which we operate (or their respective national oil companies) orany other federal, state or local governments or authorities;\x7f our dependence on our key management personnel and our ability to attract and retain qualifiedtechnical personnel;\x7f the ability to obtain financing and to comply with the terms under which such financing may beavailable;\x7f the volatility of oil, natural gas and NGL prices;\x7f the availability, cost, function and reliability of developing appropriate infrastructure around andtransportation to our discoveries and prospects;\x7f the availability and cost of drilling rigs, production equipment, supplies, personnel and oilfieldservices;\x7f other competitive pressures;\x7f potential liabilities inherent in oil and natural gas operations, including drilling and productionrisks and other operational and environmental risks and hazards;\x7f current and future government regulation of the oil and gas industry or regulation of theinvestment in or ability to do business with certain countries or regimes;\x7f cost of compliance with laws and regulations;\x7f changes in environmental, health and safety or climate change or greenhouse gas (GHG) lawsand regulations or the implementation, or interpretation, of those laws and regulations;\x7f adverse effects of sovereign boundary disputes in the jurisdictions in which we operate;\x7f environmental liabilities;7'